Optus Business SmartPay, a managed bill payment solution for financial institutions and retailers, has achieved compliance to the Payment Card Industry Data Security Standard (PCI DSS), providing customers with greater security assurance and data protection.
PCI DSS is a globally recognised standard developed by the major payment card companies to help organisations that process payment cards to protect against fraud, hacking and various other security vulnerabilities and threats.
According to a June report from the Reserve Bank of Australia , Australians are increasingly embracing online payments. 60 percent of Australians with Internet access pay most of their bills online, while the biggest deterrent to making any type of payment online is the risk of fraud.
“More and more people are transacting online, so protecting their personal data is critical,” said Trudy Holtzhausen, Acting Director, Fixed Products and Marketing at Optus Business.
“As the payments partner for many leading financial institutions, Optus wants to help its customers stay at the forefront of security standards. We have invested a significant amount of time and resource to achieve PCI DSS compliance for Optus Business SmartPay so our customers can give their customers greater assurance that their financial data is safe.”
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